The problem with a bullish pattern in a bearish environment is that even if it is a textbook pattern, it can easily be destroyed. Etsy paints us a textbook "Bull Flag" on the daily chart, but... We have a few problems. Firstly, today's green candle is extremely low volume. Second, there is a strong resistance above (101.92). Third, the RSI is still tanking.
On the other hand, MACD is showing a regular divergence, which is bullish. If we can rise above the 101.92 level and hold it, a breakout is possible.